I think the foundation issues (relatively common in this part of Texas) currently prevent many people who'd otherwise buy this house as a primary residence from considering it.

I was originally only going to carry for 2 1/2 yrs because I thought I could avoid capital gains tax if I was cashed out in under 3 since this was my residence.

I'm originally from the Detroit area, but no reside 50 miles north of the city limits.

With today’s inconsistent and sometimes stagnant real estate market the priorities of both homeowners and sellers has changed a great deal. In today’s market it is difficult for home owners to sell their home for...

Quick question -If an investment property (in this case a fourplex) is purchased by an LLC consisting of 3 people and one of those people lives in one of the units for two years, can the LLC then avoid paying capital gains tax upon sale since one of the agents of the LLC has satisfied the 2 year primary residence requirement by the IRS?

In fact, of all the houses I've owned as residences or second homes, the three that I've sold showed trivial appreciation, or even value reductions.

The resident brother has a "equity interest" and therefore takes the deduction.

I own a bunch of rental property and I have a resident manager to deal with the day to day items.

I am currently living with my parents, having graduated college alittle over a year ago... but have been thinking about moving out. My friends all keep asking me if I want to rent a place somewhere, but I don't reall...

Folks, I could use some help here. The builder/seller has the basic structure ready. Electricity wiring is done. Sheetrock is going up this week. He's willing to sell AS-IS, or after finishing the house. Am I better o...